Quibi

Quibi raised a total of $1.75 billion across two large seed rounds before shutting down and ultimately being acqui-hired. In August 2018, it secured a $1 billion seed round from a powerhouse syndicate including Alibaba Group, Disney, 21st Century Fox, Sony Pictures, Lionsgate, NBCUniversal, Entertainment One, ViacomCBS, Liberty Global, JPMorgan Chase, WarnerMedia, MGM Studios, and Goldman Sachs. This was followed by a $750 million seed round in March 2020 led by Google, Procter & Gamble, Walmart, Anheuser-Busch, Disney, WndrCo, and Alibaba Group to fuel content spend, marketing, and platform launch.